27 August 2021
Frequently Asked Questions issued by Inland Revenue Board (Update on 19 August 2021)
8 July 2021
Frequently Asked Questions issued by Inland Revenue Board (Update)
1 July 2021
Pelindungan Rakyat & Pemulihan Ekonomi (PEMULIH) aid package: Tax-Related Measures under PEMULIH
30 June 2021
Frequently Asked Questions issued by Inland Revenue Board (update)
22 June 2021
Special Alert - Goods and Service Tax (GST)
14 June 2021
Frequently Asked Questions Issued by Inland Revenue Board
8 June 2021
Program Strategik Memperkasa Rakyat & Ekonomi Tambahan (PEMERKASA+): Tax-Related Measures under PEMERKASA+
15 April 2021
Inland Revenue Board (“IRB”) restructures payment centre counter services starting 1 April 2021
IRB has restructured its payment centre counter services in Kuala Lumpur, Kuching and Kota Kinabalu with effect from 1 April 2021.
9 April 2021
Highlights on tax-related matters.
25 March 2021
The PEMERKASA economic stimulus package, which is valued at RM20 billion, was announced by the Prime Minister on 17 March 2021.
24 February 2021
Double tax deduction on employee screening cost & Extension of effective period for further tax deduction on employment of senior citizen, ex-convict, parolee, supervised person and ex-drug dependent
21 January 2021
The PERMAI assistance package, valued at RM15 billion was announced by the Prime Minister on 18 January 2021 to fulfil the following three main objectives:
19 January 2021
Latest Transfer Pricing Updates: Effective 1 January 2021
12 January 2021
Please note that the 2020 Form E is required to be submitted online to the Malaysian Inland Revenue Board (MIRB) by 31 March 2021. We would like to remind you that failure to lodge the above return within the stipulated period will render the employer liable to penalty or court action.
11 January 2021
Current Tax Updates in Malaysia
10 November 2020
Budget 2021 was announced on 6 November 2020.
14 October 2020
Service Tax Guide on Reimbursement and Disbursement
10 August 2020
Summary of current tax updates in Malaysia
11 June 2020
Further to the Economic Stimulus Package (also known as PRIHATIN) to aid the people and businesses of Malaysia afflicted by the COVID-19 pandemic, the Government is now aiming to lead the country to the recovery phase. This is done with the announcement of the RM35 billion PENJANA stimulus package with measures introduced to attract investments and foster economic activities domestically to restore the economy. We highlight below the tax-related measures that have been announced.
13 May 2020
On 30 April 2020, the Royal Malaysian Customs Department (“RMCD”) announced in a special alert that penalties for late payment of SST for the Taxable periods during the MCO period will be automatically generated in the MySST system. However, RMCD will remit the penalties generated as soon as possible.
29 April 2020
Income Tax (Restriction on Deductibility of Interest) Rules 2019
15 April 2020
The adverse impact of COVID-19 to businesses has been severe in most cases. This has forced employers to seek for alternatives to how they manage their human resources.
We share some thoughts on the tax implications for some of the possible scenarios.
10 April 2020
As COVID-19 has heavily impacted the Malaysian economy and the wellbeing of its people, the Government of Malaysia has been announcing a slew of measures to aid the people and businesses to make it through this trying time. We highlight below the tax-related measures and measures particularly to aid Small and Medium-sized Enterprises that have been announced so far
30 September 2019
The Minister of Finance is scheduled to table the Budget 2020 in Parliament on 11 October 2019 and we foresee that there will be changes to the Sales Tax and Service Tax (“SST”) legislation.
We will be update you on the significant changes of the Budget 2020 in our October 2019 edition.
23 September 2019
During the Budget 2019 speech on 2 November 2018, the Minister of Finance announced that Malaysia will look to broaden the scope of service tax to foreign service providers who provide digital services to consumers in Malaysia. The government proposed to implement the imposition of service tax on digital services on 1 January 2020.
15 October 2019
The Honourable Finance Minister, Mr. Lim Guan Eng tabled the 2020 Budget on 11 October 2019. The theme for the 2020 Budget is “Driving Growth And Equitable Outcomes Towards Shared Prosperity”.
29 May 2019
The SVDP was first announced in the 2019 Budget and is a tax amnesty initiative by the Inland Revenue Board (IRB). SVDP is focused mainly on taxpayers who have overseas bank accounts as well as taxable income in Malaysia but not yet declared to the IRB.
4 January 2019
The Royal Malaysian Customs Department (RMCD) has announced the following with effect from 1st January 2019: -
7 November 2018
The Honourable Finance Minister, Mr. Lim Guan Eng tabled the 2019 Budget on 2 November 2018. The theme for the 2019 Budget is “A Resurgent Malaysia, A Dynamic Economy, A Prosperous Society”
This highlight looks into the key changes affecting your business or industries.